There is a case worth examining. An address invested $343 to acquire 14,900,000 WhiteWhale tokens. Selling half of it broke even with a profit of $86,000, and the remaining position's market value skyrocketed to $680,000, with an unrealized profit of $770,000—understood from another perspective, this is a 2253x return.

This is not surprising during the altcoin season, but the underlying logic is worth pondering.

When the market heats up, funds often search for early projects that haven't yet landed on mainstream platforms. WhiteWhale eventually launched on a major exchange and directly surged to a $95 million market cap. This phenomenon repeatedly confirms a fact—true opportunities are often buried in large on-chain anomalies. The whale's building actions and the quiet accumulation of liquidity often lead the market by a step.

The period before and after a new exchange listing is a critical window. Liquidity injection combined with market sentiment can indeed cause short-term explosive growth. But this is not a reason to chase blindly.

In reality, the core points are—on-chain data doesn't lie; large anomalies and whale accumulation can indeed hint at directions; the launch of a new exchange often brings liquidity increments and a boost in sentiment, which should be the focus of observation; but true operational wisdom lies in finding the right position and rhythm, rather than obsessing over how crazy the price increase is.

Projects with small positions that have genuine on-chain activity and community engagement are more challenging to maintain than frequent switching. The other side of high returns is inevitably high risk. Deep research and strict control over the proportion of a single token are essential fundamentals.

The market starts amid skepticism and ends in FOMO—staying clear-headed is the only way to truly reap the benefits. Bull markets don't require guessing the top, but you must know where your chips stand.